Iran Could Become First Country Forced to Use Bitcoin

in #iran • 6 years ago

In the past, when corrupt governments devalued their local currency or seized assets from citizens, investors ran to the US dollar or gold. […] Today, many are moving into cryptocurrencies, where their money sits on a global distributed ledger that no central bank or government can touch.

Good article showing the benefits of crypto in places like Iran. I know if I lived there I'd be running to crypto as fast I could, the local fiat currency is pretty much worthless outside Iran, and probably going to be devalued. This is exactly why I don't think crypto is ever going to go away, it's here to stay in my opinion.

Read the full story here...
https://bitcoinist.com/iran-first-country-forced-use-bitcoin/

#crypto #bitcoin #money #investing
6 years ago in #iran by
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     6 years ago (edited)

    Political view: bitcoinist.com - "Iran may just become the first country to use Bitcoin as financial dynamite."

    In a world where everyone is using primitive sticks and stones, whoever has dynamite first can dominate the others.

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     6 years ago 

    WARNING! The comment below by @erudire leads to a known phishing site that could steal your account.
    Do not open links from users you do not trust. Do not provide your private keys to any third party websites.

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     6 years ago 

    After Zimbabwe and Venezuela

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     6 years ago 

    Lol, yep. The list is getting longer

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     6 years ago 

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